We recently published a list of 15 AI News That Broke The Internet. In this article, we are going to take a look at where Palantir Technologies Inc. (NYSE:PLTR) stands against other AI news that broke the internet.
OpenAI has been making headlines in the artificial intelligence realm ever since its existence, and it seems the company has something new to share almost every day. However, not all the news surrounding the company is positive. In the latest news shared by The Washington Post, OpenAI has suspended access to its latest, highly anticipated video generation tool, Sora. This suspension followed a small group of artists who had leaked access to the tool to protest the treatment they’ve been receiving at the company.
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Arguing that the company used them as “PR Puppets” without pay, the artists created a webpage allowing anyone to make AI videos using Sora. OpenAI granted hundreds of artists free access to the video generation tool so that they could test out the new artificial intelligence video generator. However, 20 of these artists argued that the company had taken advantage of their unpaid labor. This is what the group of artists wrote on Hugging Face, an open-source repository for artificial intelligence projects.
“Hundreds of artists provide unpaid labor through bug testing, feedback and experimental work for the program for a $150B valued company”.
The artists further added that the opportunities offered in return for helping the company, such as being selected to have their Sora-created films screened, offer “minimal compensation which pales in comparison to the substantial PR and marketing value OpenAI receives. The tool was public three hours before it was shut down. OpenAI spokesperson Niko Felix said that the company has temporarily shut down user access to Sora while it looks into the situation.
“Hundreds of artists in our alpha have shaped Sora’s development, helping prioritize new features and safeguards. Participation is voluntary, with no obligation to provide feedback or use the tool.”
-Felix wrote in a statement from OpenAI.
In other news, Axios reported that President-elect Donald Trump is considering naming an “AI czar” in the White House that will be coordinating federal policy and governmental use of artificial intelligence. While Elon Musk isn’t going to be the AI czar, he is expected to be involved.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A software engineer intently typing code into a laptop with multiple screens in an office.
Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 43
According to a Jefferies analyst, the rally in software stocks – led by Palantir Technologies Inc. (NYSE:PLTR), which is a leading provider of AI systems, and one other stock — will continue in 2025. The two key drivers behind this growth are improved earnings estimates and the monetization of generative artificial intelligence.
“We view four key catalysts to drive higher growth and valuation in 2025: improving fundamentals; accelerating AI monetization; a more favorable M&A environment; and budgets unlocking following election overhang.”
Overall, PLTR ranks 12th on our list of AI news that broke the internet. While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.